Oireachtas Joint and Select Committees

Thursday, 6 December 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Sale of Permanent TSB Mortgage Loans: Discussion

2:00 pm

Mr. Cormac Ryan:

I do not have the exact numbers. I might defer to my finance director. Again, just to clarify, in terms of our role, we are effectively a service provider in this along with some of the other clients we have. We provide services and we take a fee. These assets and the €10 billion of loans I mentioned are not on our balance sheet. We do not have an economic interest in the 6,000 loans in the Glenbeigh security vehicle.

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